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Author Topic: If more drilling/production won't lower the price of gas [Locked]
reesescups  4 stars
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
Lyken-P posted:

Ashmaele posted:

Fist_de_Yuma posted:

Today we are pumping more than ever because of actions that Bush did.

If this is true (it isn't) then WHY THE FOCK ARE PRICES SO HIGH?

With out Bush, the price would be $8 a gallon like the Obama Admin wants.

Ash got sandwiched between two slices of stupid...

 

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Lyken-P  2 stars
Posts: 453
Registered: 2006-1-14 18:41:19
reesescups posted:

Lyken-P posted:

Ashmaele posted:

Fist_de_Yuma posted:

Today we are pumping more than ever because of actions that Bush did.

If this is true (it isn't) then WHY THE FOCK ARE PRICES SO HIGH?

With out Bush, the price would be $8 a gallon like the Obama Admin wants.

Ash got sandwiched between two slices of stupid...
As usual... how do like being on the bottom?
Fist_de_Yuma  3 stars
Posts: 571
Registered: 2001-12-20 21:17:22
If the facts don't support them they resort to insults. It is why most liberal posts are insults.

 

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There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
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reesescups  4 stars
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
Fist_de_Yuma posted:

If the facts don't support them they resort to insults. It is why most liberal posts are insults.

 

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"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
Friarspam  3 stars
Posts: 638
Registered: 2007-1-23 07:01:27
Big Oil has a formula:

collusion with each other + collusion with major political figures = happy price fixing.

i cannot understand how so many people fail to see this.

 

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My folks went on vacation and all I got was this lousy sig.
Blue_arrow  2 stars
Posts: 468
Registered: 2008-7-2 02:02:19
OP liberals posted:

United States government and Big Oil were involved in Stanley Meyer death to cover up free fuel for eveyone "water fuel cell".

 

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Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
Bjorvald posted:

Why do we ask the Saudis to pump more when prices are too high?





Gas is cheap, its the devalued US dollar that is problem

 

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Fist_de_Yuma  3 stars
Posts: 571
Registered: 2001-12-20 21:17:22
Friarspam posted:

Big Oil has a formula:

collusion with each other + collusion with major political figures = happy price fixing.

i cannot understand how so many people fail to see this.



You have any proof that this is true? There is a lot more evidence that Obama is faking a lot of his records than there is about collusion. Somehow those who think Obama is faking his records are a nuts but completely pulling something out of your $ss means you are brilliant. You are the perfect Obama voter. When he says nothing is his fault you eat it up. It is all those other people keeping him from doing his job. Wha, wha wha.

 

-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
sweeny_comodore  4 stars
Posts: 1,216
Registered: 2007-8-23 18:47:04
low supply doesnt mean we need to tap another.

it means the importers need to loosen up and stop raping us

they buy all they want at 20 cents a gallon then hold on to it till the demand goes up and they can sell it for 80 cents a gallon.
the saudis have no control over what the importers do with it. producing more wont stop them from shorting us to increase their profits.

gotta love a free market

 

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OneLith
Title: Electric Boogaloo!
Posts: 11
Registered: 2005-10-8 22:50:20


Some choice quotes from the AP article

"Sometimes prices increase as American drilling ramps up. That's what has happened in the past three years. Since February 2009, U.S. oil production has increased 15 percent when seasonally adjusted. Prices in those three years went from $2.07 per gallon to $3.58. It was a case of drilling more and paying much more."

"U.S. oil production is back to the same level it was in March 2003, when gas cost $2.10 per gallon when adjusted for inflation. But that's not what prices are now.

That's because oil is a global commodity and U.S. production has only a tiny influence on supply. Factors far beyond the control of a nation or a president dictate the price of gasoline."

Long story short: it doesn't matter how much we drill, it won't have a lasting positive impact on gas prices. Not only do we not have enough oil in the US to impact the prices but oil is a global commodity. With gas consumption ramping up in other places around the world and easy oil becoming more scarce, oil prices are very likely not ever going back to the low low rates we had even a few years ago.

Oh yea, here's the article: http://abcnews.go.com/Politics/wireStory/fact-check-us-drilling-drop-gas-price-15967622#.T2u8-9WnnoE

 

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Squirrels are nature's drug dealers

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